Appraised value vs . market value — and why they don ’ t always...

Dive into the essential details of Appraised value vs . market value — and why they don ’ t always... that are shaping the discussion around download facebook video.


Appraised value vs. market value — and why they don’t always match.
An appraisal is based on strict formulas and past sales. Market value reflects what buyers are willing to pay today, based on demand, condition, updates, and competition.
In our Comparative Market Analysis (CMA) reports, we show clear data:
• recent comparable sales
• photos of those properties
• days spent on the market
• key differences that impact value
And buyer preferences matter, too.
For example, an investor may prefer a fully cosmetically renovated property — even if the major components are a bit older — because there are no immediate upfront costs, and the unit is “rent ready”. That buyer may pay more for convenience and marketability right now.
This is why market value can differ from appraised value — and why understanding real time buyer behaviour is so important.
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The OUDERKIRK Group
A network of professionals working for you.
Heather Ouderkirk, Broker
613.861.2607
Priscilla Brunet, REALTOR
613.662.9449
Christine Phillips, REALTOR
613.330.1693
Kelsey Easton, REALTOR
613.662.6988
Katrina Dy, Executive Assistant
info.ca
RE/MAX Affiliates Marquis Ltd
649 Second St E Cornwall ON
www.ogrealestate.ca
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